John Joseph Sauer said:
Hans-Joerg Mueller said:
Welllll, it could be a whole lot worse. At least they don't have their bankers freeze all their accounts and prohibit them from delivering anything. :D
OTOH when the CEO just talks a good job, instead of doing a good job …
But there again, the slogan is probably “We are well within projections and everything is normal.” That must be the standard routine in the German MRR industry, last time we could read that was when Ernst Paul Lehmann Patentwerk oHG went bankrupt. Variations could be heard just before Fleischmann sold out to the Salzburgers, too.
BTW on those salary reductions to the employees, they could start with cutting out the Vacation and Christmas bonuses. I’m sure those ex-LGB employees who are still there could “wise up” the others that that was how EPL oHG tried to steer the course, too.
Let’s wait until next week to see how wonderful things are Mr. Marklin!
Well Marvin, didn’t want to be reminded of some of the “saving measures” that EPL used, eh? And that high-class act when the plant (Schöntag’s EPL) was shut down and only Wolfgang came to thank the employees and wish them well, eh! Not a sign of “The Boys”, eh!
Not to mention any of the “fine touches” between Sept 2006 and July 2007 instigated by “The Boys” and Co. Nah, we won’t mention any of that ;). Sure looks to me that the “fine clique” in Nürnberg can easily compete with the “fine clique” in Salzburg we heard about not long ago. Just one difference, the Nürnberg clique is a lot better documented than the Salzburg clique.
The employees at Märklin have one advantage, a union. Time will tell if that does any good, but since changes will have to be approved by IG Metall headoffice you just never know. They have been known to dig in their heels i.e. bargain in a really tough manner, more than once in the recent past.
But you know all that, don’t you?